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Oct 01 - 07, 2001

TABEL-International Trade Enquiry received on 12th September 2001 from abroad

Reckitt Benckiser announces worldwide interim results.

Net revenues grew by 9% (7% at constant exchange) to £879m in Q2, and by 9% (6% constant) to £1,696m in H1. For continuing operations (excluding acquisitions and disposals) net revenue growth was 8% (6% constant) in Q2 and 10% (7% constant) in H1.

• Operating profit increased by 15% to £134m in Q2 and by 14% to £232m in H1. Half year operating margins improved 60 basis points (bps) to 13.7% behind a 40 bps gross margin improvement
•Normalized net income grew by 20% in Q2 to £85m and by 23% in H1 to £143m. Including gains on disposals, H1 net income grew 40% to £165m.
•Strong cash generation and further reduction in networking capital of £75m resulted in a £110m reduction in net borrowings, before the impact of acquisitions. Including the £131m cost of acquisitions, net borrowings increased £21m to £616m (£595m)

Results at a glance


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Half Year

% change

Net Revenues





Operating Profit





Net Income normalised





Net Icome





Commenting on these results, Bart Becht, Chief Executive Officer. said

"Reckitt Benckiser had a good Q2 and first half of 2001. By focusing on our growth strategy, increasing our rate of innovation and investing heavily behind our core brands we are gaining market share and delivering consistent growth. At the same time, profit margins continue to expand behind our cost optimization programs while cash generation is improving.

"We are increasing our financial targets for the full year based on the strength of our results to date and planned programs for the balance of this year despite market conditions becoming more challenging. Specifically, we are now looking for net revenue growth from total operations (including the effect of acquired and discontinued businesses) of around 6% and for net income growth for total operations of around 18%, both at constant exchange. We are maintaining our net working capital reduction target of £50m. Delivering these targets will make 2001 another good year for Reckitt Benckiser, giving us confidence as we look forward to 2002 "

The Hub Power Company Limited (HUBCO), recently joined hands with Al-Shifa, to make another contribution for a noble cause, through donating much-needed medicines to the people of Zhobe, Balochistan. Picture shows Paul Chapman (L), Operations Director, HUBCO, and Mrs. Y. Rehman, President Al-Shifa Trust, during the handing over of the medicines.

New office-bearers of ISPAK

Naveed Khan of Sat Net was elected as President of the Internet Service Providers Association of Pakistan (ISPAK) for the term 2001 and 2002.

Tariq A Nizami of SSUET Net and Shahid Farooq Alvi of Brain Net were chosen as Vice Presidents South and North of the Association respectively.

Sanaullah Bhutta, former President of ISPAK was elected as General Secretary of the Association for the term 2001-2002.

Imran Qureshi of Cyber Access was elected as Finance Secretary of the association.

The General Body Meeting (AGM) of the Association will shortly held to take charge of their offices.

Engro to Finance a School in Daharki

Engro Chemical Pakistan Ltd. has signed an agreement with The Citizen Foundation (TCF) to develop a school in Daharki, District Ghotki with the objective of providing quality education to the children of the local community at their door step.

Engro, one of the leading manufacturer of chemical fertilizers in Pakistan has over the years set up a number of community welfare projects in the field of health care, education and sports for the benefit of the less privileged people.

The new school to be established at a cost of Rs.20 million, will be fully funded by Engro. The school will be functional next year and will admit students on merit up to class eight. By the year 2004, it will accommodate 750 students up to class ten. The name of the School will be "TCF School Engro Campus". Medium of instruction will be Urdu/Sindhi and English.

The school will be professionally managed by TCF, an NGO promoting quality education on a mass scale exclusively in rural and low-income urban areas of Pakistan on a non profit basis. TCF has a mission to establish 1000 schools in the next 10 years and has already achieved a target of 100 schools.

Mr. Zaffar A. Khan, President Engro Chemical Pakistan Ltd. and Mr. Ahsan Saleem, Chairman Board of Directors, The Citizen Foundation are signing the agreement to establish the "TCF School Engro Campus" at Daharki.

Infection Control Society of Pakistan:
Stresses the Need for Hygiene

The Infection Control Society of Pakistan (ICSP) stressing on the need for hygiene, emphasized on the use of the Dettol range of products. The entire range of Dettol products is endorsed by ICSP as it offers high quality, reliability and has a proven record of effective protection against germs.

According to a study conducted by the Hospital Infection Research Laboratory in United Kingdom, Dettol Kills 99.999% of germs. It provides effective protection from the germs (bacteria) that cause infection and helps in healing the wounds and cuts faster by preventing infections.

Dr. Hasan Nawab, (President, ICSP), said, "In an Environment like Pakistan, where everyday one is exposed to all sort of pollutants and germs, it is essential to fight off all these germs which are responsible for causing and spreading dangerous diseases. He further added, "Dettol has proven to be a competent product for providing complete protection against all types of germs, should be used regularly for washing hands, bathing & disinfecting wounds to stay free from germs."

Sabir Sami, CEO and Managing Director, Reckitt Benckiser, said, "Dettol has been a fundamental part of household life and a trusted name for decades, as it gives consumers complete freedom against germs. The Infection Control Society of Pakistan has been doing a commendable job in creating hygiene related awareness and fully endorses the entire range of Dettol products as the most effective means of fighting germs".

Dettol, a trusted name for the last 60 years, has been providing consumers with superior protection against germs in the form of Dettol Liquid, Dettol Original Soap, Dettol Fresh Soap, Dettol Plaster and Dettol Shaving Cream.

Reckitt Benckiser (formerly known as Reckitt & Colman Pakistan Pvt Ltd.) began operations in the late fifties in Pakistan. Today there are three RB manufacturing units in the country providing quality household and pharmaceutical products to a diversified consumer base.